New World Resources (NWR), a leading Central European hard coal and coke producer, announced Monday that the company’s board of directors has given final approval for a project to extract coal from the Dębieńsko mine in Poland.

Prague-listed energy group New World Resources (NWR) is looking for a partner from within the Polish mining sector to help develop its Dębieńsko mine project, the Polish daily Parkiet reported on Monday.

Prague-listed New World Resources, controlled by Czech billionare Zdeněk Bakala, is putting up prices for coking coal and coke amid buoyant demand, mainly from steelmakers, and has outlined its plans to get onto the prestigious FTSE 250 by June.

New World Resources (NWR) has announced a second fatality at the Karvina Mine of its Czech coal mining subsidiary stemming from an accident. A 42-year-old miner was killed on Thursday as a result of a rock bounce, two days after a 45-year-old miner was fatally injured there in the same type of accident.

Tough market conditions, especially for the steel companies using its coke, translated into a flat underlying profit figures for mining company New World Resources (NWR) in 2011. The coke division actually made a loss. NWR has set its sights on slightly lower coal and coke production this year but hopes for a slight rise in coke sales.

Mining company NWR, whose most lucrative market is the supply of coking coal to major Central European steelmakers, delivered first quarter sales and production figures and second quarter coking coal price agreement details which came in ahead of expectations.

NWR, the largest Czech coking-coal producer, offered €857 million in cash for Polish thermal coal producer Bogdanka, but the takeover bid failed. With demand for commidites rising along with the global economic recovery, NWR is still hungry for acquisitions — in Poland and Ukraine.

The Prague bourse’s blue-chip PX index broke out of the 1,100-1,200 point corridor on the last trading day of 2010 — passing that psychological barrier for only the second time since May, thanks in large part to the strengthening of European equity markets in recent weeks. Mining group NWR was hands down the year’s best-performing stock, and developer ECM the biggest loser.

Prague-listed New World Resources (NWR), Central Europe’s leading coal and coke producer, released unaudited first quarter 2011 results on Wednesday showing a net profit of €3 million, below the market consensus.

Prague-listed New World Resources (NWR), whose coke fuels many of Central Europe’s steel furnaces, posted Q2 results ahead of most analysts expectations with production slightly up and high prices for its production. But while NWR has still to see signs of a decline in strong demand, the mainly Czech-based mining company warns of an uncertain outlook.

The Prague Stock Exchange’s PX Index dropped 6 percent on Monday closing at 1027 points — its lowest level in two years on a day which saw record loses for several titles traded on the exchange. Trading volume reached Kč 3.2 billion compared to the average over the past year of Kč 1.3 billion.

A number of issues in all energy sectors carry over into 2011, with brown coal prices at the top of the list, now that entrepreneur Pavel Tykač has consolidated his hold over miner Czech Coal. But the tender to complete the Temelín nuclear plant and the rising crude oil prices are sure to make a number of headlines before the lights go out on 2011.